Oil (F) 2016-03-18

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Oil 6K – New Contract

42.15

As we see over our previous chart, market managed to break above downtrend channel which allowed the market to obtain farther rebound correction while eyes still toward 45.00 zone

above 45.00 market will add more advance where second target will become toward 48.60

the current uptrend scenario need market to sustain trades above mid-point 35.75

  Support Resistence
Level 1 40.30 42.60
Level 2 39.00 43.45
Level 3 37.70 45.10

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss